2022-05-16T11:21:54-07:00 2021-12-31 990 2021-01-01 420670685 DUTRAC COMMUNITY CREDIT UNION DUTR 5635821331 3465 ASBURY ROAD PO BOX 3250 DUBUQUE IA 520043250 DEBRA REIFF CONTROLLER 5635858462 2022-05-16 1 11 0 AAL2 2021 2022-09-23 18:48:47Z ANDREW HAWKINSON 3465 ASBURY RD DUBUQUE IA 520043250 36287980 0 X www.dutrac.org X 1942 IA PROMOTING THRIFT AMONG CREDIT UNION MEMBERS 11 11 201 11 560613 560613 0 0 35006705 33968058 1789239 1641189 578565 678733 37374509 36287980 0 0 0 0 10961389 11088878 0 0 0 20284125 16777431 31245514 27866309 6128995 8421671 897800981 980523751 788195283 865446625 109605698 115077126 PROMOTING THRIFT AMONG MEMBERS 0 0 27866309 0 36287980 GRANTING AFFORDABLE LOANS, PROMOTING SAVINGS AND THRIFT AMONG 48839 MEMBERS. 0 0 0 SEE 4A 0 0 0 SEE 4A 0 0 0 27866309 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 50 0 1 201 1 1 1 0 0 0 0 0 0 0 X 11 11 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X DEBRA REIFF ASSISTANT CONTROLLER 5635821331 3465 ASBURY ROAD PO BOX 3250 DUBUQUE IA 520043250 ANDREW HAWKINSON PRESIDENT/CEO 45 0 X 446848 0 0 JULIE SOUCINEK MORTGAGE LOAN MANAGER 45 0 X 230200 0 0 JASON NORTON SVP - MARKETING 45 0 X 171440 0 0 RONALD KINSELLA SENIOR VP LENDING 45 0 X 155271 0 0 ANDREW LASSEN SVP - IT 45 0 X 140432 0 0 MICHELLE A ARISS SVP FINANCE 45 0 X 135078 0 0 LEE HOERNER SVP - MEMBER SERVICE 45 0 X 132097 0 0 JEFFREY WALLER COMMERCIAL LENDING MANAGER 45 0 X 129721 0 0 Megan Kelleher-Egan SVP Human Resources 45 0 X 122950 0 0 KIM ADAMS SENIOR VP OPERATIONS 45 0 X 110990 0 0 TRAVIS PHELAN COMMERCIAL LENDER 45 0 X 106944 0 0 GREGORY HILL FORMER MORTGAGE MANAGER 0 0 X 102606 0 0 DAVID EGGERS DIRECTOR 2 0 X 0 0 0 SUSAN KERN CFO/TREASURER 3 0 X 0 0 0 HARLAN PEDRETTI DIRECTOR 2 0 X 0 0 0 DANIEL DEUTMEYER CHAIRMAN 4 0 X 0 0 0 MICHAEL READY DIRECTOR 2 0 X 0 0 0 SCOTT NEYENS DIRECTOR 2 0 X 0 0 0 JOHN VAIL VICE CHAIR 2 0 X 0 0 0 KEVIN MUELLER DIRECTOR 2 0 X 0 0 0 NICHOLAS SPECHT SECRETARY 2 0 X 0 0 0 CHAD KRUSE DIRECTOR 2 0 X 0 0 0 CRENNA BRUMWELL DIRECTOR 2 0 X 0 0 0 1984577 0 0 12 1 1 0 RUSSELL CONSTRUCTION CO INC 4700 EAST 53RD ST DAVENPORT IA 52807 CONSTRUCTION 2127356 FISERV 75 REMITTANCE DR SUITE 6962 CHICAGO IL 606756962 COMPUTER TECHNOLOGY 1635565 TOWN SQUARE MEDIA 27142 NETWORK PLACE CHICAGO IL 606731271 ADVERTISING 358813 CENTURYLINK PO BOX 91154 SEATTLE WA 981119254 COMMUNICATIONS 292465 MANAGED SOLUTIONS GROUP 120 BRYANT ST DUBUQUE IA 52003 COMPUTER REPAIR SERVICE 262536 24 0 0 0 0 0 0 0 0 LOAN TO MEMBERS 522130 26510758 26510758 0 0 FEES AND INCOME 522130 7457300 7457300 0 0 33968058 1608788 1608788 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 121227 -88826 0 0 121227 -88826 32401 32401 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 DUTRAC FINANCIAL GROUP 523999 462113 0 462113 0 FIRST COMMUNITY TRUST 523999 51544 0 51544 0 ATM SURCHARGES TO NONMEMBERS 522130 46956 0 46956 0 118120 118120 0 0 678733 36287980 35727367 560613 0 X 0 0 0 0 0 0 0 0 1984576 1984576 0 0 0 0 0 0 6837846 6837846 0 0 331616 331616 0 0 1340258 1340258 0 0 594582 594582 77542 77542 0 0 74877 74877 0 0 60757 60757 0 0 0 0 0 0 0 0 0 0 0 0 1167686 1167686 0 0 1599859 1599859 0 0 4030468 4030468 0 0 0 0 0 0 0 0 0 0 1905773 1905773 0 0 112115 112115 0 0 0 0 0 0 0 0 0 0 0 0 0 0 54066 54066 0 0 0 0 0 0 0 0 0 0 LOAN SERVICING EXP/PROVISION FOR LOAN LOSS 3371302 3371302 0 0 COST OF FUNDS 4714442 4714442 0 0 UBIT TAX 52000 52000 0 0 MISCCELLANEOUS EXPENSE -443456 -443456 0 0 27866309 27866309 0 0 10000755 16746074 0 0 2005617 2058063 2601250 3101924 0 0 651491181 674612901 0 0 2118888 1956428 30038620 16125966 11349779 13912654 200416213 249448970 0 0 0 17817298 18686737 897800981 980523751 5721402 4645389 0 0 0 0 0 0 0 0 0 0 0 0 0 0 782473881 860801236 788195283 865446625 X 0 0 53357014 52406772 56248684 62670354 109605698 115077126 897800981 980523751 8421671 -2950243 0 0 0 0 X 0 1 1 0 6864580 0 6864580 16662352 0 11421440 5240912 753367 0 192665 560702 5659068 0 4451106 1207962 99253 0 60755 38498 13912654 TOTAL SHARES AND DEPOSITS 860801236 860801236 36287980 0 0 0 0 0 36287980 0 0 0 36287980 27866309 0 0 0 0 0 27866309 0 0 0 27866309 X X X X 0 0 0 ANDREW HAWKINSON PRESIDENT/CEO 437328 0 8636 0 8748 0 0 0 -7864 0 446848 0 0 0 RONALD KINSELLA SENIOR VP LENDING 153572 0 6745 0 1319 0 0 0 -6366 0 155270 0 0 0 LEE HOERNER SVP - MEMBER SERVICE 136538 0 5930 0 628 0 0 0 -10999 0 132097 0 0 0 Megan Kelleher-Egan SVP Human Resources 124904 0 5479 0 1339 0 0 0 -8772 0 122950 0 0 0 JASON NORTON SVP - MARKETING 166234 0 6579 0 1455 0 0 0 -2829 0 171439 0 0 0 ANDREW LASSEN SVP - IT 144166 0 5706 0 428 0 0 0 -9868 0 140432 0 0 0 KIM ADAMS SENIOR VP OPERATIONS 108715 0 4947 0 860 0 0 0 -3532 0 110990 0 0 0 MICHELLE A ARISS SVP FINANCE 138084 0 6033 0 405 0 0 0 -9444 0 135078 0 0 0 GREGORY HILL FORMER MORTGAGE MANAGER 61004 0 47357 0 131 0 0 0 -5886 0 102606 0 0 0 TRAVIS PHELAN COMMERCIAL LENDER 113223 0 3310 0 212 0 0 0 -9801 0 106944 0 0 0 JULIE SOUCINEK MORTGAGE LOAN MANAGER 59403 0 176113 0 160 0 -5476 0 0 0 230200 0 0 0 JEFFREY WALLER COMMERCIAL LENDING MANAGER 126710 0 5200 0 561 0 0 0 -2750 0 129721 0 0 0 ANDREW A HAWKINSON PRESIDENT/CEO CREDIT UNION LOAN TO MEMBER X 551200 450185 0 1 1 RONALD J KINSELLA SENIOR VP LENDING CREDIT UNION LOAN TO MEMBER X 199912 146720 0 1 1 LEE M HOERNER SENIOR VP MEMBER SERVICES CREDIT UNION LOAN TO MEMBER X 75815 49378 0 1 1 MEGAN E KELLEHER-EGAN SVP HUMAN RESOURCES CREDIT UNION LOAN TO MEMBER X 33249 47067 0 1 1 JASON A NORTON SVP MARKETING CREDIT UNION LOAN TO MEMBER X 1 823 0 1 1 ANDREW K LASSEN SVP IS CREDIT UNION LOAN TO MEMBER X 374378 362015 0 1 1 KIM M ADAMS SVP FACILITIES/OPERATIONS CREDIT UNION LOAN TO MEMBER X 1 65 0 1 1 DANIEL J DEUTMEYER BOARD CHAIR CREDIT UNION LOAN TO MEMBER X 2 13830 0 1 1 DAVID W EGGERS DIRECTOR CREDIT UNION LOAN TO MEMBER X 197697 179702 0 1 1 CRENNA M BRUMWELL DIRECTOR CREDIT UNION LOAN TO MEMBER X 184500 159652 0 1 1 CHAD M KRUSE DIRECTOR CREDIT UNION LOAN TO MEMBER X 302858 295231 0 1 1 MICHELLE A ARISS VP FINANCE CREDIT UNION LOAN TO MEMBER X 206979 221425 0 1 1 SCOTT J NEYENS DIRECTOR CREDIT UNION LOAN TO MEMBER X 383457 328484 0 1 1 HARLAN T PEDRETTI DIRECTOR CREDIT UNION LOAN TO MEMBER X 1 37 0 1 1 NICHOLAS J SPECHT SECRETARY CREDIT UNION LOAN TO MEMBER X 121001 109804 0 1 1 JOHN P VAIL VICE CHAIR CREDIT UNION LOAN TO MEMBER X 200000 182117 0 1 1 GREGORY HILL FORMER MORTGAGE MANAGER CREDIT UNION LOAN TO MEMBER X 80002 45297 0 1 1 TRAVIS PHELAN COMMERCIAL LENDER CREDIT UNION LOAN TO MEMBER X 298745 296344 0 1 1 JULIE SOUCINEK MORTGAGE MANAGER CREDIT UNION LOAN TO MEMBER X 213750 213750 0 1 1 3101926 Form 990, Part VI, Section A, Line 6 The credit union is owned equally by each of its 48,619 members. There are no stockholders. Form 990, Part VI, Section A, Line 7a The credit union is owned equally by each of its members and does not have stockholders. However, each member has one vote which they can use to elect Board and Committee Members. Form 990, Part VI, Section A, Line 7b Only in special circumstances such as mergers, the members of the merging credit union would have to approve the unification. Form 990, Part VI, Section B, Line 11b It is reviewed by the CEO, Board Executive Committee, and Controller who prepared the filing. Form 990, Part VI, Section B, Line 12c The credit union has an internal auditor and also a compliance officer to insure the policies are regularly updated and adhered to by all staff regardless of the seniority or position. Form 990, Part VI, Section B, Line 15 The decisions involving the CEO or top executives are usually handled by a special committee (Search Committee in the case of a new hire.) or Board of Directors for regular periodic decisions such as compensation, benefits, and perks. Form 990, Part VI, Section C, Line 19 The accounting records are maintained by the Controller who shares Financial Reports with the CEO/Board. Additionally current Financial Statements are also displayed in the main lobby area of the Main Branch for the benefit of all members. Form 990, Part IX, Line 11g Destruction of Records, IRA Service Fees, ACH Service Fees, Iowa Transfer System, ATM Supplies Expense, Share Draft Expense, EcoPlus Expense, Share Draft Printing Expense, Online Billpayer Expense, and Outside Courier and Security Service.